LYNTEGAR ELECTRIC COOPERATIVE INC (EIN 750405473) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1938

Legal Domicile

Principal Officer

GREG HENLEY

Phone

8065614588

Tax Period

2023-01-01 to 2023-12-31

LYNTEGAR ELECTRIC COOPERATIVE INC, founded in 1938, is a mid-sized nonprofit that reported $92.7M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $91,077,382

Investment Income $1,480,886

Other Revenue $184,878

TOTAL REVENUE $92,743,146

Expense Breakdown

Grants Paid $15,937

Salaries & Benefits $8,602,194

Fundraising Expenses $0

Other Expenses $69,752,198

TOTAL EXPENSES $92,050,779

Year-over-Year Comparison

	2023	2022	Change
Revenue	$92,743,146	$99,599,290	-0.1%
Expenses	$92,050,779	$98,545,427	-0.1%
Net Income	$692,367	$1,053,863	-0.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

124

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$784,485

Total Directors

$152,112

Key Employees

$480,265

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN FRANKLIN	PRESIDENT	11.60	Officer Director	$29,396	$0	$29,396
KEVIN MITCHELL	VICE PRESIDENT	10.40	Officer Director	$22,194	$0	$22,194
BILLY WEAVER	SECRETARY/TREASURER	10.30	Officer Director	$23,124	$0	$23,124
HR BARRON	DIRECTOR (JAN-MAY)	5.80	Director	$9,687	$0	$9,687
RICKY DAY	DIRECTOR	9.10	Director	$21,744	$0	$21,744
THERON TIDWELL	DIRECTOR	10.60	Director	$29,150	$0	$29,150
ANDREW FURLOW	DIRECTOR	10.30	Director	$7,819	$0	$7,819
TODD HOWARD	DIRECTOR (AUG-DEC)	9.90	Director	$8,998	$0	$8,998
GREGORY HENLEY	CEO	40.00	Officer	$274,346	$68,286	$342,632
RAY BOX	CFO (JAN)	40.00	Officer	$176,826	$3,089	$179,915
BRENDA WHITTEN	CFO	46.00	Officer	$152,998	$34,226	$187,224
ROSS ATEN	MANAGER OF ENGINEERING	65.00	Key Emp	$165,584	$56,023	$221,607
BARRY PITTMAN	MANAGER OF MEMBER SERVICES (JAN)	40.00	Key Emp	$255,703	$2,955	$258,658
RODDY GANDY	LINE SUPERINTENDENT	40.00	Highest	$152,377	$48,383	$200,760
BRANDON BEAN	JOURNEYMAN	50.00	Highest	$134,089	$26,473	$160,562
JANA BISHOP	MANAGER OF HUMAN RESOURCES	40.00	Highest	$137,747	$20,494	$158,241
BRENT FOWLER	CREW FOREMAN	46.00	Highest	$134,295	$16,443	$150,738
JESUS GARZA	CREW FOREMAN	45.00	Highest	$129,493	$17,193	$146,686

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$92,743,146	$92,050,779	$301,859,596	$692,367
2022	$99,599,290	$98,545,427	$281,923,196	$1,053,863
2021	$89,254,823	$87,136,411	$280,091,329	$2,118,412
2020	$78,587,742	$77,686,077	$270,551,631	$901,665
2019	$79,313,836	$77,797,486	$265,207,113	$1,516,350
2018	$78,479,666	$76,895,351	$247,240,324	$1,584,315

LYNTEGAR ELECTRIC COOPERATIVE INC